RE: Seen this opening before7 Feb 2025 07:30
For those who can’t access without subscription:-
The Financial Times article titled “Gold glitters as the unimaginable becomes imaginable” discusses the recent surge in gold prices to record highs, driven by factors such as geopolitical turmoil, inflation concerns, and speculation about revaluing the United States’ gold reserves. Currently, U.S. gold reserves are valued at $42 per ounce, but revaluing them to the current market price of approximately $2,800 could inject $800 billion into the Treasury General Account. This speculation has intensified following statements by U.S. Treasury Secretary Scott Bessent about monetizing assets and lowering Treasury yields. Investors are intrigued by increasingly creative fiscal and currency strategies amid a widening Overton window for policymaking. Despite seeming contradictions in policies, such as weakening the dollar while maintaining its global dominance, these ideas reflect a financial landscape where once-unimaginable options are now considered plausible.